HF Foods Group Inc., through its subsidiaries, operates as a food service distributor to Asian restaurants located in the Southeastern, Pacific, and Mountain West regions of the United States. It distributes Asian specialty food items, meat and poultry products, seafood, fresh produce, packaging and other items, and commodities. The company also provides design and printing services, as well as logistic and food processing services. In addition, it is involved in real estate holding activities. The company is headquartered in City of Industry, California.
IPO Year: 2017
Exchange: NASDAQ
Website: hffoodsgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2025 | $7.00 | Buy | Roth Capital |
Seasoned HF Foods Executive with Deep Industry Relationships and Knowledge of Food Distribution Business Additional Appointments Made to People & Technology and Distribution Roles as HF Foods Continues to Make Progress on Strategic Transformation Plan LAS VEGAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, announced today that its Board of Directors has appointed Felix Lin as permanent Chief Executive Officer (CEO), effective January 1, 2025. Mr. Lin had previously served as President and Chief Operating Officer (COO) and was appointed to the
LAS VEGAS, Oct. 28, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced the appointment of Felix Lin as Interim Chief Executive Officer (CEO). Mr. Lin assumes the role of CEO, in addition to his current roles of President and Chief Operating Officer (COO). Mr. Lin replaces HF Foods' previous CEO, Peter Zhang. The leadership transition is not due to any disagreement with Mr. Zhang regarding the Company's financial reporting, policies or practices. Mr. Zhang remains on the Board of Directors. With extensive experience in operational management and financial strat
LAS VEGAS, July 05, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced the appointment of Dr. Yujie Wang to the Company's board of directors effective immediately. Simultaneously with the appointment of Dr. Wang, Prudence Kuai has departed from her position as a director of the Company. As a result of the appointment of Dr. Wang, the Company's board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Dr. Wang is a veteran of the food production industry with more than 25 years of experience in produ
LAS VEGAS, June 28, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced the appointment of Maria Ross to the Company's board of directors effective immediately. Simultaneously with the appointment of Ms. Ross, Dr. Hong Wang has departed from his position as a director of the Company. As a result of the appointment of Ms. Ross, the Company's board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Ross is a supply chain executive with over 30 years of experience, focused on team development, stra
LAS VEGAS, June 10, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced the appointment of Lisa Lim and Charlotte Westfall to the Company's board of directors effective June 7, 2024. As a result of the appointments of Ms. Lim and Ms. Westfall, the Company's board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Lim, a retired partner with the global professional services organization, Ernst & Young ("EY"), is a seasoned global business leader, SEC-qualified financial expert and CPA with 39 years of experi
LAS VEGAS, April 25, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced that Cindy Yao has been named Chief Financial Officer, effective May 1, 2024. "Cindy's extensive experience, especially having spent a decade directing financial operations for a company serving food producers, makes her an invaluable addition to HF Foods," said Peter Zhang, Chief Executive Officer of HF Foods. "Her proven track record of streamlining processes using data-driven decision making to drive growth aligns perfectly with HF Foods. We are excited to have her perspective and insi
LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", or the "Company"), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company's Chief Operating Officer, effective February 12, 2024. Mr. Lin has served as the Company's Chief Operating Officer since May 1, 2022. He also previously served as an Independent Board Member for the Company from November 2019 to April 2022. Mr. Lin's experience includes serving as Vice President and a Senior Strategy Officer for Blue Bird Corporation (the lea
LAS VEGAS, Jan. 19, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", "HF Group" or the "Company"), has appointed Prudence Kuai, a 25-year veteran of the healthcare industry and a thought leader in applying technological advancements in operational process automation, eCommerce, utilization of artificial intelligence and data analytics, to the Company's board of directors effective January 17, 2023. As a result of Ms. Kuai's appointment, the Company's board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Kuai has led the Information
LAS VEGAS, July 14, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", "HF Group" or the "Company"), is pleased to announce the appointment of Mr. Carlos A. Rodriguez as Chief Financial Officer, effective on or before August 1, 2022. Mr. Rodriguez will report directly to Mr. Peter Zhang, Chief Executive Officer of the Company. Mr. Rodriguez has over 25 years of finance and accounting experience across various industries, including technology, entertainment, restaurants, and life science. Most recently, Mr. Rodriguez served as Chief Accounting Officer and Vice President Corporate Finance for
LAS VEGAS, July 07, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", "HF Group" or the "Company"), has appointed Jose Maroto to the Company's board of directors effective July 1, 2022. Mr. Maroto is a 29-year veteran in the foodservice industry with experience in foodservice distribution, cash and carry, international market expansion, and other ancillary businesses. Mr. Maroto's experience spans across Latin America. He started and grew businesses in Costa Rica and Panama which became the largest foodservice distributors in each country. In addition, he built foodservice cash and carry
Roth Capital initiated coverage of HF Foods with a rating of Buy and set a new price target of $7.00
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4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
4 - HF Foods Group Inc. (0001680873) (Issuer)
LAS VEGAS, May 12, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, reported its unaudited financial results for the quarter ended March 31, 2025. First Quarter 2025 Financial Results Net revenue increased 0.9% to $298.4 million compared to $295.7 million in the prior year period. Gross profit increased 1.1% to $51.0 million compared to $50.4 million in the prior year period. Gross profit margin remained consistent at 17.1% compared to the prior year period. Net loss of $1.5 million, mainly due to unfavorable fair valu
LAS VEGAS, May 06, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, today announced the launch of a new e-commerce platform – a unique offering within the specialty foodservice industry to directly serve restaurant employees alongside HF Foods' existing restaurant deliveries. Paired with the launch, HF Foods also debuted a new company logo and tagline that will update on the Company's website and other applications in the coming weeks. HF Foods will roll out access to this new, innovative platform to selective customers o
LAS VEGAS, May 05, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, today announced it will report financial results for the first quarter ended March 31, 2025, on Monday, May 12, 2025, after market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. Abou
Net Revenue Increased 8.7% and 4.6% for the Fourth Quarter and Full Year 2024, Respectively Pre-Recorded Earnings Call Webcast Available on Investor Relations Website LAS VEGAS, March 13, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Results Net revenue increased 8.7% to $305.3 million compared to $280.9 million in the prior year period.Gross profit decreased 0.2% to $52.2 million compared to $52.3 million in the prior year period. Gross p
LAS VEGAS, March 10, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, announced today that the Company will be participating in the following investor conferences in March: March 17-18, 2025: The HF Foods executive management team will host a fireside chat and meetings with investors at the 37th Annual Roth Conference in Dana Point, CA. The fireside chat is scheduled to begin at 8:00 a.m. PT on Tuesday, March 18, 2025.March 19, 2025: The HF Foods executive management team will be participating virtually in the Sidoti Small-Cap Conference. The Company will host virtual meeting
LAS VEGAS, Feb. 18, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, announced today it has amended its Credit Agreement with JPMorgan Chase Bank and Comerica Bank. The amended agreement also adds Wells Fargo as an additional lender, and increases the Company's aggregate revolving commitment by $25 million to $125 million. "This amended credit agreement further demonstrates our banking partners' continued and growing confidence in HF Foods and the opportunities ahead for our business," said Felix Lin, President and CEO of HF Foods. "This additional revolver capacity will help
LAS VEGAS, Feb. 04, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, announced today that the Company will be participating virtually in the Oppenheimer Emerging Growth Conference on Tuesday, February 25, 2025. The HF Foods executive management team will host 1x1 meetings with investors throughout the day. Please reach out to your Oppenheimer representative for more information. About HF Foods Group Inc.HF Foods Group Inc. is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian restaurants and other foodservice cus
LAS VEGAS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, announced today that the Company will be participating in the 2025 ICR Conference in Orlando, FL. The HF Foods executive management team will host 1x1 and group meetings with investors throughout the event on January 13-14, 2025. Please reach out to your ICR representative for more information. About HF Foods Group Inc.HF Foods Group Inc. is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian restaurants and other foodservice customers throughout
Seasoned HF Foods Executive with Deep Industry Relationships and Knowledge of Food Distribution Business Additional Appointments Made to People & Technology and Distribution Roles as HF Foods Continues to Make Progress on Strategic Transformation Plan LAS VEGAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, announced today that its Board of Directors has appointed Felix Lin as permanent Chief Executive Officer (CEO), effective January 1, 2025. Mr. Lin had previously served as President and Chief Operating Officer (COO) and was appointed to the
Increase in Net Revenue as Company Continues to Execute Operational Transformation Plan Pre-Recorded Earnings Call Webcast Available on Investor Relations Website LAS VEGAS, Nov. 12, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods" or the "Company"), a leading food distributor to Asian restaurants across the United States, reported its unaudited financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Financial Results Net revenue increased 6.0% to $298.4 million compared to $281.5 million in the prior year.Gross profit decreased 1.5% to $50.2 million compared to $50.9 million in the prior year. Gross profit margin decre
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LAS VEGAS, May 05, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, today announced it will report financial results for the first quarter ended March 31, 2025, on Monday, May 12, 2025, after market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. Abou
LAS VEGAS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced it will report financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, after market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is a lea
LAS VEGAS, May 01, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced it will report financial results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, before market open. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is a leadi
LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, today announced it will report financial results for the fourth quarter and full year ended December 31, 2023, on Thursday, March 14, 2024, before market open. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods
Pre-Recorded Earnings Call Webcast Available on Investor Relations Website Announces Comprehensive, Operational Transformation Plan to Drive Growth and Cost Savings LAS VEGAS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG) ("HF Foods", or the "Company"), a leading food distributor to Asian restaurants across the United States, reported financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Results Net revenue decreased 6.4% to $281.5 million compared to $300.7 million in the prior year.Gross profit decreased 1.1% to $50.9 million, or 18.1% gross profit margin compared to $51.5 million, or 17.1% gross profit ma
LAS VEGAS, Nov. 02, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods" or the "Company"), today announced it will report financial results for the third quarter ended September 30, 2023, on Thursday, November 9, 2023, after-market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is
LAS VEGAS, April 11, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods" or the "Company"), today announced that the Board of Directors (the "Board") has approved the adoption of a limited duration stockholder rights plan (the "Rights Plan") and declared a dividend distribution of one right ("Right") for each outstanding share of the Company's common stock to stockholders of record as of the close of business on April 24, 2023. The Board adopted the Rights Plan out of concern that parties may be engaging in undisclosed stock accumulation and group formation activities to gain control of HF Foods,
LAS VEGAS, Jan. 04, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods", "HF Group" or the "Company"), announced today it has completed the acquisition of the business operations of Great Wall Seafood Supply Inc., Great Wall Restaurant Supplier Inc. and First Mart Inc. (collectively the "Great Wall Group"). The Great Wall Group is one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market in the nation and generates combined annual revenue of approximately $170 million pre-pandemic and about $200 million assuming revenue remains steady with its most recent quarter. S
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8-K - HF Foods Group Inc. (0001680873) (Filer)